UDHY.DE vs. HYLE.DE
Compare and contrast key facts about iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) and iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE).
UDHY.DE and HYLE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UDHY.DE is a passively managed fund by iShares that tracks the performance of the ICE BofAML US High Yield Constrained. It was launched on Apr 5, 2022. HYLE.DE is a passively managed fund by iShares that tracks the performance of the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged). It was launched on Apr 26, 2019. Both UDHY.DE and HYLE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UDHY.DE vs. HYLE.DE - Performance Comparison
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UDHY.DE vs. HYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -2.25% | -3.92% | 13.24% | 6.63% |
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | -0.86% | 5.98% | 5.45% | 7.17% |
Returns By Period
In the year-to-date period, UDHY.DE achieves a -2.25% return, which is significantly lower than HYLE.DE's -0.86% return.
UDHY.DE
- 1D
- 0.04%
- 1M
- 0.19%
- YTD
- -2.25%
- 6M
- -1.34%
- 1Y
- -4.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLE.DE
- 1D
- 1.15%
- 1M
- -0.94%
- YTD
- -0.86%
- 6M
- 0.04%
- 1Y
- 4.18%
- 3Y*
- 5.98%
- 5Y*
- 2.05%
- 10Y*
- —
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UDHY.DE vs. HYLE.DE - Expense Ratio Comparison
UDHY.DE has a 0.20% expense ratio, which is lower than HYLE.DE's 0.55% expense ratio.
Return for Risk
UDHY.DE vs. HYLE.DE — Risk / Return Rank
UDHY.DE
HYLE.DE
UDHY.DE vs. HYLE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) and iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UDHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.45 | 1.06 | -1.51 |
Sortino ratioReturn per unit of downside risk | -0.51 | 1.56 | -2.07 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.22 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | -0.62 | 1.47 | -2.09 |
Martin ratioReturn relative to average drawdown | -1.42 | 6.56 | -7.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UDHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | 1.06 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.29 | +0.33 |
Correlation
The correlation between UDHY.DE and HYLE.DE is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UDHY.DE vs. HYLE.DE - Dividend Comparison
UDHY.DE's dividend yield for the trailing twelve months is around 3.22%, less than HYLE.DE's 5.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 3.22% | 7.37% | 6.63% | 2.80% | 0.00% | 0.00% | 0.00% | 0.00% |
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 5.44% | 5.34% | 5.38% | 4.76% | 4.17% | 3.83% | 4.50% | 1.75% |
Drawdowns
UDHY.DE vs. HYLE.DE - Drawdown Comparison
The maximum UDHY.DE drawdown since its inception was -12.23%, smaller than the maximum HYLE.DE drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for UDHY.DE and HYLE.DE.
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Drawdown Indicators
| UDHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -22.59% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -3.10% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.38% | — |
Current DrawdownCurrent decline from peak | -8.79% | -1.50% | -7.29% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -3.54% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 0.63% | +2.04% |
Volatility
UDHY.DE vs. HYLE.DE - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) is 1.83%, while iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) has a volatility of 1.98%. This indicates that UDHY.DE experiences smaller price fluctuations and is considered to be less risky than HYLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.98% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 5.05% | 2.63% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.99% | 3.94% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 5.82% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 8.46% | -1.00% |